Commercial banks and the financial market crisis of 2007/2008

Charles Wyplosz interviewed by
Romesh Vaitilingam,
30 June 2008

Charles Wyplosz talks to Romesh Vaitilingam about the freezing of the interbank market as the commercial banks went from high-risk strategies to extreme caution, without taking any responsibility for their crucial role in the operations of the market and the wider economy.